Commercial Property in Caloocan

Received an approval from Security Bank for a house loan worth 3.6m at 7.75% interest for 20 years.

Worth it ba? Property is a renovated (old) townhouse in North Caloocan, pero along main road and malapit sa hospital and sa ginagawa ni Villar na condo.

Should I pursue or better to get from other banks na may lower interest?